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Re/insurance industry needs to push boundaries of risk taking in a fragmenting world: Experts
“While the universe of risks is expanding, the world is fragmenting. Organizations are seeking new opportunities while having to navigate the most complex set of risk challenges in a generation. For the (re)insurance industry, this is a moment to step up, to create...
Beyond Balance Sheet: Strategic role of CFOs in insurance industry
True leadership in finance is not just about preserving value, it is about having the courage to create it. Today, the insurance CFO operates at a rare intersection where capital meets complexity and strategy meets disruption. In an era of heightened volatility and...
Bajaj Life launches its new customer app
Bajaj Life launched of its upgraded and enhanced customer app – Bajaj Life Insurance App. The app integrates an extensive suite of features to simplify policy management, personalised product offering, pre-approved insurance offers, and health tracking, all within a...
Aon’s advanced AI-powered supply chain offering to help businesses anticipate & mitigate hidden risks
Using AI and advanced data modelling, the solution analyses frequency and severity of supply chain events over time from more than 80,000 sources in over 200 countries DUBLIN: Aon plc, a global professional services firm, announced the launch of a new AI-powered...
LIC denies Washington Post report, says made investments in Adani firms independently
The statement was in response to a report in The Washington Post alleging officials orchestrated a plan to steer LIC into investing in the Adani group earlier this year, when the ports-to-energy conglomerate was facing a debt pile and scrutiny in the US. Mumbai:State...
Insurance loss estimated for outage at AWS can range from $38 million-$581 million, says CyberCube
CyberCube’s analysis shows that the outage is likely to have affected over 2,000 large organizations and nearly 70,000 organizations in total. The analysis is based on Portfolio Manager Version 6, which was released earlier this year. It allows users to assess...
Govt appoints Hitesh Joshi as acting CMD of GIC Re
Hitesh Joshi, acting CMD, GIC Re ``The competent authority has approved the entrustment of the financial and administrative powers and functions of the Chairman-cum-Managing Director (CMD), General Insurance Corporation of India (GIC-Re) to Hitesh Ramesh Chandra...
SBI Life’s net profit falls 7% to Rs 495 crore in Q2FY26 as costs rise amid competition
Its net premium income jumped 22.6% to Rs 24,848, driven by a near 20% rise in premiums from old policies that were renewed Mumbai:SBI Life Insurance, the second largest life insurer next to Life Insurance Corporation, reported a 7% fall in second-quarter profit on...
World Bank approves $280 million program for Kerala’s 11 million elderly and vulnerable people
According to a statement from the multilateral institution on Friday, the USD 280 million Kerala Health System Improvement Program will build a more comprehensive health system resistant to climate shocks. It will also strengthen Kerala's digital health systems...
Jaguar Land Rover hack cost UK economy $2.5 billion, report says
"This incident appears to be the most economically damaging cyber event to hit the UK, with the vast majority of the financial impact being due to the loss of manufacturing output at JLR and its suppliers," the CMC report said. LONDON: The August hack of Jaguar Land...
US sanctions Russian oil majors over Ukraine, prompting jitters in India and China
The sanctions target oil giants Rosneft and Lukoil, which between them account for more than 5% of global oil output In another bid to starve Moscow of revenue, the EU also approved a 19th package of sanctions that includes a ban on Russian liquefied natural gas...
India’s Cloudburst Challenges:Insurance gaps & Future safeguards
The entire Himalayan belt is increasingly vulnerable to cloudbursts, flash floods, landslides, and potential glacial lake outburst floods (GLOFs), all driven by changing monsoon patterns and accelerated warming in the region. These risks are not onlybecoming more...
Aerospace Industry: Facing strong supply chain headwinds
“Airlines depend on a reliable supply chain to operate and grow their fleets efficiently. Now we have unprecedented waits for aircraft, engines and parts and unpredictable delivery schedules. Together these have sent costs spiralling by at least $11 billion for this...
Tesla’s European regulator says door safety a ‘Key Priority’
The Dutch authority RDW, which inspects and approves Tesla’s vehicles for sale in the European Union, said Thursday that regulators will shore up rules to ensure that occupants can safely exit vehicles after a crash and be rescued by first responders Tesla Inc.’s...
UK sanctions Russia’s Lukoil and Rosneft, targets shadow fleet
"We are introducing targeted sanctions against the two biggest oil companies in Russia, Lukoil and Rosneft. At the same time, we are ramping up pressure on companies in third countries, including India and China, that continue to facilitate getting Russia oil onto...
Jio Insurance Broking earns Rs 347 cr in premiums, issues 2.9 lakh policies in Q2FY26
Jio Insurance Broking, part of Jio Financials owned by Reliance Industries, earned Rs. 347 crore in premiums and issued 2.9 lakh policies during Q2FY26 , across life, health and general insurance. It scaled up its Digital Point of Sales Person channel to over 100...
India’s FinTech boom exposes sector to rising cyber threats: PwC Report
Shah Amber, Managing Director at PwC India, emphasised that with the fintech sector projected to reach USD 400 billion by 2030, strong cybersecurity will not only protect businesses but also reinforce customer confidence.Safeguarding customer data and building digital...
Cybercrime causing global economic damage of almost US$10 tn,1% of cyber risks currently insured: Munich Re
Claudia Strametz, who leads Munich Re's business for Germany and who is responsible for cyber business in Europe said, “Over the past 10 to 15 years, cyber insurance has experienced remarkable growth, evolving from a virtually non-existent product to a global market...